Short-Term Loans

Short-term Loans (STL) are available to registered students who are experiencing an urgent but short-term financial need. Students may apply for a short-term loan through their account on MyUW. This loan fund is administered by the Office of Student Financial Aid. Before applying for a short term loan, make sure your address and direct deposit information is up to date to ensure quick receipt of your funds.

Short-term Loan Repayment

Please check the Office of Student Financial Aid (206.543.6101, osfa@uw.edu) to determine if other aid benefits are available before taking out a short-term loan. If you have an urgent need and are in a crisis, please visit the Emergency Aid website. There maybe other options available to assist you.

Please consider carefully your ability to repay, prior to borrowing short term loan funds. A short-term loan is intended to be paid within a short time span. We encourage students to find a way to pay the short-term loans as soon as possible or make as many payments before the due date.

Unless a one-time extension is granted, short-term loans are due in full on the fourth Friday of the following quarter. There are no deferment or forbearance options available for short-term loans.

Loans that remain unpaid after the due date will be transferred from MyUW to the University’s billing servicer, Heartland ECSI, 888.549.3274.

A past due short-term loan will cause holds to be placed on your student account. You will be unable to register for classes or access your academic records, e.g., diploma and official transcripts.

Payment plans can be made with Heartland. Payment plans do not remove holds. A payment plan in good standing will prevent referral to collection agencies.

Additional fees may be charged to you, including collection fees based on a percentage, up to 40% of the amount owed.

All loans assigned to Heartland ECSI are reported to the national Credit Reporting Agencies and become part of the data used to determine your credit history.

Should you need an extension, please contact us in the first week of the quarter your loan is due. We are able to process extensions starting the first week of the quarter. There is an additional charge of $30.00 to extend the due date to the next quarter. Only one extension is allowed per loan.

If you have questions about repayment of your short-term loan, please contact Student Fiscal Services at 206-543-4694. Advisors are available to assist you with your questions regarding your loan and other financial matters.